Section 2636. Moneys of the commission

All moneys of the commission from
  whatever source derived shall be paid to  the  treasurer  and  shall  be
  deposited  forthwith  in one or more banks and/or trust companies in the
  state designated by the commission. The moneys in such accounts shall be
  paid out on checks of the treasurer upon requisition by the chairman  of
  the  commission  or  of such other officer or officers as the commission
  may authorize to make such requisitions. All  deposits  of  such  moneys
  shall be secured by obligations of or guaranteed by the United States of
  America  or  of  the  state  of a market value equal at all times to the
  amount on deposit and all banks and trust companies  are  authorized  to
  give  such  security for such deposits. Any moneys of the commission not
  required for immediate use or disbursement may, at the discretion of the
  commission, be invested in those obligations specified pursuant  to  the
  provisions of section ninety-eight-a of the state finance law.